†††† 1. The Commissioner of Financial
Institutions will charge and collect a fee of $30 per hour from each
corporation for any supervision, examination, audit, investigation or hearing
conducted pursuant to chapter 670A
of NRS.

†††† 2. The Commissioner will bill each
corporation upon the completion of the activity for the fee established in
subsection 1. The fee must be paid within 30 days after the date the bill is
received. Except as otherwise provided in this subsection, any payment received
after that date must include a penalty of 10 percent of the fee plus an
additional 1 percent of the fee for each month, or portion of a month, that the
fee is not paid. The Commissioner may waive the penalty for good cause.

†††† 3. Failure of a corporation to pay the fee
required in subsection 1 as provided in this section constitutes grounds for
revocation of its license.

†††† 4. For the purposes of this section,
ďcorporationĒ means a Nevada corporation for economic revitalization and
diversification created pursuant to chapter
670A of NRS.

††††† NAC 670A.020Fee: Application for license to conduct business. (NRS 670A.060, 670A.130)An
application for a license to conduct business as a corporation for economic
revitalization and diversification must be accompanied by a nonrefundable fee
of $1,500.

†††† (Added to NAC by Commír of Financial Institutions by
R109-06, eff. 6-28-2006)

††††† NAC 670A.030Fee: Renewal of license. (NRS 670A.060, 670A.250)A
licensed corporation for economic revitalization and diversification shall pay
annually to the Division of Financial Institutions of the Department of
Business and Industry a fee of $150 for the renewal of the license.

†††† (Added to NAC by Commír of Financial Institutions by
R109-06, eff. 6-28-2006)

††††† NAC 670A.040Fee: Failure to submit required report. (NRS 670A.060, 670A.310)A
licensed corporation for economic revitalization and diversification shall pay
a fee of $10 for each day that any report required pursuant to this chapter or chapter 670A of NRS is overdue.

†††† (Added to NAC by Commír of Financial Institutions by
R109-06, eff. 6-28-2006)

†††† 1. Except as otherwise provided in NAC 658.030, each licensed corporation for
economic revitalization and diversification shall pay to the Division of
Financial Institutions of the Department of Business and Industry an annual
assessment of $300 to cover the costs related to the employment of a certified
public accountant and the performance of audits and examinations conducted by
the Division.

†††† 2. The Division of Financial Institutions of
the Department of Business and Industry will bill each licensed corporation for
economic revitalization and diversification for the assessment. The assessment
must be paid within 30 days after the date the bill is received.

†††† 3. A charge of 10 percent of the assessment
will be imposed on any licensed corporation for economic revitalization and
diversification whose assessment is received by the Division of Financial
Institutions of the Department of Business and Industry after the date on which
the assessment is due.

†††† (Added to NAC by Commír of Financial Institutions by
R109-06, eff. 6-28-2006)

††††† NAC 670A.060Prerequisites to conduct of business. (NRS 670A.060)A person
shall not conduct business as a corporation for economic revitalization and
diversification in this State unless:

†††† 1. He possesses each license, certificate
and permit required by this chapter, chapter
670A of NRS and a local governmental entity; and

†††† 2. The location of the corporation complies
with any applicable planning and zoning ordinances.

†††† (Added to NAC by Commír of Financial Institutions by
R109-06, eff. 6-28-2006)

††††† NAC 670A.070Revocation or suspension of license. (NRS 670A.060)The
Commissioner of Financial Institutions may revoke or suspend the license of a
corporation for economic revitalization and diversification pursuant to
procedures provided in chapter 670A
of NRS if the licensee violates any provision of this chapter or chapter 670A of NRS, including, without
limitation, a provision that imposes a fee or assessment on a licensee.

†††† (Added to NAC by Commír of Financial Institutions by
R109-06, eff. 6-28-2006)

††††† NAC 670A.080Inspection of documents filed with Division of Financial
Institutions. (NRS
670A.060)Except
as otherwise provided in NAC 670A.090 or by
specific statute, all papers, documents, reports and other written instruments
filed with the Division of Financial Institutions of the Department of Business
and Industry pursuant to this chapter and chapter
670A of NRS are open to public inspection unless the Commissioner of
Financial Institutions determines that the information is required to be
withheld to protect the public welfare or the welfare of a licensee.

†††† (Added to NAC by Commír of Financial Institutions by
R109-06, eff. 6-28-2006)

†††† 1. If a licensed corporation for economic
revitalization and diversification, or an authorized representative of that
licensee, fails to respond to the Commissioner of Financial Institutions within
20 business days after receipt of a written notice that a complaint has been
filed against the licensee, the licensee is deemed to have admitted to the
allegations contained in the complaint.

†††† 2. Subject to the discretion of the
Commissioner of Financial Institutions and except as otherwise provided by
specific statute, a complaint filed with the Division of Financial Institutions
of the Department of Business and Industry, any documents filed with the
complaint, and any report or information resulting from an investigation of the
complaint are confidential.

†††† (Added to NAC by Commír of Financial Institutions by
R109-06, eff. 6-28-2006)